Group 1 - India's plan to boost domestic production of rare earth magnets has garnered initial interest from several large corporate groups [1] - The Indian government intends to provide incentives of up to 25 billion rupees (approximately 2.9 million USD) to private companies involved in the production of these magnets [1] - Major companies showing interest include Vedanta Group, led by billionaire Anil Agarwal, JSW Group, headed by Sajjan Jindal, and electric vehicle component manufacturer Sona BLW Precision Forgings Ltd. [1]